Parse a file to make group items.

gistfile1.py

from collections import defaultdict

def read_team_info(path):
    status = "None"
    total = defaultdict(list)
    team_info = []
    fp = open(path, "r")
    for line in fp:
        line = line.rstrip()
        if len(line) == 0:
            total[status].append(team_info)
            team_info = []
            status = ""
        elif line.startswith("MEMBER") or status == "MEMBER":
            if status != "MEMBER": status = "MEMBER"
            else: team_info.append(line)
        elif line.startswith("INFO") or status == "INFO":
            if status != "INFO": status = "INFO"
            else: team_info.append(line)
        else:
            raise NameError('Please check markup')
    total[status].append(team_info)
    fp.close()
    return total

if __name__ == "__main__":
    print read_team_info("team.txt")

Revisions 3:

Using high performance container datatypes for convenience.
http://docs.python.org/2/library/collections.html